have a word problem I can't figure out on growth and decay.  An employee recieves a 2% raise once per year. If the employee's initial salary is $69,600.00, what will the employee's salary be after 10 years?

Q: if $250 investment earns 5 1/2 interest year how much additional money must be invested at 6% to…

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Q: Use the below table to calculate the amount of federal income tax that Ken should report if he…

A: Given  Income of Kane is $54187 According to federal tax rates, Kane has to pay tax on 1: 13% on…

Q: If the price of gasoline increased by 20% one week and then again by 10% the following week by what…

A: Higher gasoline prices(P) raise transportation costs(C) for businesses. Due to increased price(P),…

Q: 4. Ryan has a checking account, a debit card, and online banking at Advantage Bank. If he makes 4…

A: In a year i.e. in 12 months, Ryan would have made 4 x 12 = 48 ATM transactions.  Also, he must have…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: How long will it take money to triple if it invested at the following rates 5.2% compund weekly…

A: Q

Q: An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was…

A: Price of the car is decreases by 20% for every year. Therefore r=20% Price of car is $40,000…

Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: A retiree requires an annual income of at least $9000 from an investment paying 7.5% annual…

A: Given: A retiree requires an annual income of at least $9000 from an investment paying 7.5% annual…

Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

A: Given : Initial investment = $100, rate of depreciation = 3% and time = 20 years

Q: A store shows a net profit of $65,250 for the year. If the store profit increases by 3.75% per year…

A: Here we use compound interest formula which is as follows. If P be the principal which increases by…